Green leases become popular in some metro areas

Some commercial properties may have energy-minded leases.

With additional property management companies learning more about building sustainability, some industry members have taken initiative and signed a green lease.

The idea of a green lease involves signing on to ensure a company has the guarantee that the building will be made green when it is purchased, according to Jones Lang LaSalle. This has gained popularity in many major cities such as San Francisco and New York, and can help property managers improve the new building, while still saving money and energy.

"Green leases combine the productivity, comfort and sustainability features that tenants are looking for in office space while supporting landlord priorities of improving the triple bottom line and occupancy rates," said Michael Jordan, executive vice president of sustainability strategy for JLL.

Improvements to sustainable building are a concern of many industry members, and current legislation may not be enough to help make the process better. The Real Estate Roundtable recently urged the federal government to improve the federal tax deduction for commercial building energy investment, as the current legislation may not be streamlined enough.

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